Period
to 25 January 2021

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 25 January 2021 with a comparison to the same period in the previous 2 years.

Backtesting
UK
6 months to
25 Jan 2021
Same period 2020 Same period 2019
Rank 750 993 1081
Rank change year-on-year +243 +88 +26
Permanent jobs citing Backtesting 20 35 40
As % of all permanent jobs advertised in the UK 0.031% 0.028% 0.026%
As % of the Processes & Methodologies category 0.034% 0.030% 0.029%
Number of salaries quoted 5 18 33
Median annual salary £130,000 £150,000 £95,000
Median salary % change year-on-year -13.33% +57.89% +40.74%
10th Percentile £82,500 £81,400 £45,000
90th Percentile £142,500 £212,500 £111,000
UK excluding London median annual salary - £38,000 £45,000
% change year-on-year - -15.56% +24.14%

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 59,483 115,045 139,991
As % of all permanent IT jobs advertised in the UK 92.40% 92.10% 92.25%
Number of salaries quoted 47,951 92,143 111,869
Median annual salary £55,000 £52,500 £52,500
Median salary % change year-on-year +4.76% - +5.00%
10th Percentile £32,500 £30,000 £29,750
90th Percentile £90,000 £87,500 £85,000
UK excluding London median annual salary £49,000 £46,000 £45,000
% change year-on-year +6.52% +2.22% -

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a proportion of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 25 January 2021.

Salary histogram for Backtesting in the UK

Backtesting
Top 2 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 25 January 2021. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +243 20 £130,000 -13.33% 3
London +198 20 £130,000 -13.33% 3

For the 6 months to 25 January 2021, IT jobs citing Backtesting also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Backtesting.

1 12 (60.00%) Multithreading
1 12 (60.00%) Low Latency
2 9 (45.00%) Front Office
2 9 (45.00%) Finance
3 8 (40.00%) C++
3 8 (40.00%) Python
3 8 (40.00%) Financial Institution
3 8 (40.00%) Subversion
3 8 (40.00%) Market Risk
3 8 (40.00%) Analytical Skills
3 8 (40.00%) Git (software)
4 7 (35.00%) NumPy
4 7 (35.00%) Hedge funds
4 7 (35.00%) GCP
4 7 (35.00%) Analytics
4 7 (35.00%) Pandas
4 7 (35.00%) Fintech
5 5 (25.00%) Banking
5 5 (25.00%) Equities
6 4 (20.00%) Java
6 4 (20.00%) Investment Banking
6 4 (20.00%) Unit Testing
6 4 (20.00%) Integration Testing
6 4 (20.00%) Mathematics
6 4 (20.00%) Physics
6 4 (20.00%) Computer Science
6 4 (20.00%) Algorithmic Trading
6 4 (20.00%) Java 8
6 4 (20.00%) Concurrent Programming
6 4 (20.00%) Memory Management

Backtesting
Co-occurring IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Cloud Services
1 7 (35.00%) GCP
Database & Business Intelligence
1 1 (5.00%) KDB
Development Applications
1 8 (40.00%) Git (software)
1 8 (40.00%) Subversion
General
1 9 (45.00%) Finance
1 9 (45.00%) Front Office
2 8 (40.00%) Financial Institution
3 5 (25.00%) Banking
4 4 (20.00%) Investment Banking
Job Titles
1 19 (95.00%) Developer
2 8 (40.00%) C++ Developer
2 8 (40.00%) C++ Quantitative Developer
2 8 (40.00%) Quantitative Developer
3 7 (35.00%) Python Developer
4 4 (20.00%) Algorithmic Trading Developer
4 4 (20.00%) Investment Banking Java Developer
4 4 (20.00%) Java Developer
4 4 (20.00%) Java Developer - Algorithmic Trading
4 4 (20.00%) Market Risk C++ Developer
4 4 (20.00%) Market Risk Developer
4 4 (20.00%) Quantitative Modeller
5 1 (5.00%) Analyst
5 1 (5.00%) Qualitative Analyst
5 1 (5.00%) Quantitative Analyst
5 1 (5.00%) Quantitative Risk Analyst
5 1 (5.00%) Risk Analyst
Libraries, Frameworks & Software Standards
1 7 (35.00%) NumPy
1 7 (35.00%) Pandas
2 1 (5.00%) FIX Protocol
Miscellaneous
1 8 (40.00%) Analytical Skills
1 8 (40.00%) Market Risk
2 7 (35.00%) Hedge funds
3 5 (25.00%) Equities
4 3 (15.00%) Foreign Exchange (FX)
5 2 (10.00%) Derivative
6 1 (5.00%) Equity Derivative
6 1 (5.00%) Fixed Income
Processes & Methodologies
1 12 (60.00%) Low Latency
1 12 (60.00%) Multithreading
2 7 (35.00%) Analytics
2 7 (35.00%) Fintech
3 4 (20.00%) Algorithmic Trading
3 4 (20.00%) Computer Science
3 4 (20.00%) Concurrent Programming
3 4 (20.00%) Integration Testing
3 4 (20.00%) Mathematics
3 4 (20.00%) Memory Management
3 4 (20.00%) Physics
3 4 (20.00%) Unit Testing
4 1 (5.00%) Portfolio Management
4 1 (5.00%) Quantitative Risk Management
4 1 (5.00%) Risk Management
4 1 (5.00%) Stress Testing
Programming Languages
1 8 (40.00%) C++
1 8 (40.00%) Python
2 4 (20.00%) Java
2 4 (20.00%) Java 8
3 1 (5.00%) MATLAB